Lloyds Bank Freezes Offshore Accounts in Money Laundering Crackdown
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Lloyds Banking Group Plc has tightened controls in Jersey to meet anti-money-laundering requirements on the island.
Lloyds has frozen accounts of some offshore banking customers as part of a crackdown on money laundering, a spokesman said. The Financial Times, which reported the news earlier, said 8,000 accounts were frozen. The bank didn’t confirm the number.